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GFH Financial Group (GFH) has announced that it has entered a new partnership with Bahrain FinTech Bay (BFB) and with it GFH has become one of the Founding Partners of the largest FinTech hub in the Middle East and Africa.

In case you don’t already know, the BFB is an initiative dedicated to exploring different avenues for fuelling growth in the realm of financial technology and services.

By coming on board with a host of other Founding Partners, GFH has underlined its commitment to supplement Bahrain’s efforts to bolster its blooming FinTech industry. Similarly, the new partnership also highlights the Bahraini government and BFB’s Founding Partners’ relentless efforts to expand the industry body’s scope by incorporating key players in the Financial Services.

“With the official launch of Bahrain FinTech Bay last week, GFH is delighted to move ahead swiftly with the opportunities presented by our partnership to help accelerate the development of FinTech in the region. GFH is committed to contributing to the economic growth of the Kingdom and, importantly, initiatives of the Economic Development Board and government, such as this, which will firmly establish Bahrain as the Middle East’s largest FinTech hub,” said Hisham Alrayes, CEO of GFH.

Alrayes further stated that GFH is keen on taking a more active role in expediting the growth of BFB by providing its immense corporate experience and resources for the cause.

“We aim to provide new entrants and innovative business models at BFB with access to our sophisticated network of corporate partners and associates, advising them on how best to reach regional and international capital and markets,” he added.